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Daily News articles

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Daily newspaper covering current events, business, politics, entertainment, and sports at the local level, with select stories of national and international significance included as well.

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Opinion: Legal Due Diligence Considerations for Hedge Fund Investors

Apr 09, 2009 ... The current turmoil in global capital markets, as well as therecent wide-scale frauds allegedly perpetrated by Bernard Madoff,Robert Allen Stanford and Paul Greenwood and Stephen Walsh havereaffirmed the importance of the due diligence process in makingwell-informed investment ...

Hedge Standards Body Targets 100 Funds by End-'09

Apr 09, 2009; ... LONDON (Reuters) - A body set up to monitor standards of conductamong Britain's under-fire hedge funds aims to double the tally ofindustry players signed up to its code of practice by the end of2009 following a dressing-down from lawmakers. The Hedge Fund Standards Board, which ...

Some Madoff Investors Push Swindler Toward Bankruptcy

Apr 13, 2009; ... NEW YORK (Reuters) - In a move to ensure that all of the personalassets of jailed swindler Bernard Madoff are used to pay hisdefrauded customers, some investors filed court papers on Monday[April 13] to force him into involuntary bankruptcy. A judge last week opened the door for ...

Meiji Yasuda to Cut Unhedged Foreign Bonds

Apr 13, 2009; ... TOKYO (Reuters) - Japan's Meiji Yasuda Life Insurance Co. said onMonday [April 13] it planned to cut its unhedged foreign bondholdings while increasing its hedged foreign bond holdings thisbusiness year to offset currency risks. The nation's third-largest life insurer by assets ...

Rise in 2008 Global FX Volume Slows: Greenwich

Apr 13, 2009; ... NEW YORK (Reuters) - Global trading volume in the $3.2 trillionforeign exchange market in 2008 expanded from 2007 but the pace ofgrowth was slower than in the previous two years, according toGreenwich Associates. In a report released on Monday [April 13], the firm said lastyear's ...